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What is a ratio decidendi?

What is a ratio decidendi? Here are some definitions.

Noun
  1. (law) The legal principle or rationale on which a judicial decision is based.
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Examples
It was saying no more than the particular factors underlying the ratio decidendi of Status of Eastern Carelia were not present.
Courts are bound by principles of law, the ratio decidendi of cases.
I do not find it easy to discover the ratio decidendi of Pook's case.
He rarely recorded his ratio decidendi but, despite this, few of his decisions were overturned on appeal.
You must then deal fully with the ratio decidendi of the case, with a detailed analysis of Lord Templeman's judgment on behalf of the majority.
On remittal the first instance is bound by the ratio decidendi of its own decision.

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